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Russel Metals(RUS-T)

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Stocks in play: Russel Metals Inc.

Baystreet - Mon Dec 4, 2023

Has entered into an agreement to acquire seven service center locations from Samuel, Son & Co., Limited for approximately $225 million, subject to closing working capital and other normal course adjustments. The purchase price is based on the net book value of the working capital which was approximately $186 million at September 30, 2023, plus the net book value of the related equipment and machinery for $29 million plus an additional $10 million. Russel Metals Inc. shares T.RUS are trading unchanged at $39.00.

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